Ripple Expands Custody Capability Through Acquisition

San Francisco, November 3, 2025 – Ripple, a company specializing in financial technology for crypto solutions, has announced the acquisition of a digital asset wallet and custody firm called Palisade. This move notably enhances Ripple’s ability to provide custody services, addressing essential needs for fintechs, crypto-based companies, and various enterprises.

Ripple Custody targets banks and financial institutions aiming to safeguard their digital assets, stablecoins, and real-world assets. With this acquisition, Ripple is set to broaden its customer base and application scope. Palisade delivers secure, quick, and scalable “wallet-as-a-service” technology that ensures swift asset movement and easy integration, making it well-suited for customers requiring solutions for high-frequency transactions and payments.

“Reliable storage for digital assets is crucial for advancing the crypto economy and is central to Ripple’s product strategy,” said Ripple President Monica Long. “We see companies stepping into the market and needing trustworthy partners with ready-to-use solutions. This combination of Ripple’s secure offering and Palisade’s efficient wallet technology positions Ripple Custody as a comprehensive service provider, catering to all institutional needs—from long-term storage to real-time global transactions.”

Tier 1 global institutions like Absa Bank, BBVA, DBS, and Societe Generale – FORGE already trust Ripple Custody. Designed to function as a secure “vault,” it features a tamper-proof audit trail and a compliance-focused approval process, allowing management of multiple vaults while offering a unified view of assets across different venues.

Palisade’s architecture includes governance and security elements like multiparty computation (MPC) and a zero trust framework. It also supports rapid wallet provisioning, multiple blockchain management, and integrates with decentralized finance (DeFi) applications.

• Multiparty computing (MPC): A security method that divides wallet keys into parts, often referred to as “shards.”
• Zero trust architecture: Necessitates stringent validation of all users and devices seeking access to network resources.
• Fast wallet provisioning: Enables quick creation of new digital wallets at a large scale.
• Multi-chain support: Facilitates the management of digital assets across diverse blockchains.
• DeFi integration: Allows interactions with decentralized finance protocols like lending and yield platforms.

Palisade’s technology works seamlessly with Ripple payments, which is ideal for instances where rapid value mobilization is required. It lays the groundwork for subscription billing, secure wallet scaling, quick transaction signing, and efficient fund transfers to operational accounts.

Ripple is continuously refining its custody offerings for enterprise use, collaborating with leading crypto compliance providers like Chaineries and Elliptic. With over a decade of experience and more than 75 global regulatory licenses, Ripple is in a unique position to connect traditional and decentralized finance.

This acquisition underscores Ripple’s ongoing commitment to expand within the digital asset landscape. Notably, it comes on the heels of other significant acquisitions this year, including a prime broker now known as Ripple Prime, the stablecoin payment platform Rail, and financial management provider GTreasury. Ripple’s investments in the cryptocurrency ecosystem have reached nearly $4 billion through strategic ventures and acquisitions.

About Ripple

Ripple is a financial tech firm that offers crypto solutions for enterprises. Its operations leverage blockchain to enhance the speed, transparency, and accessibility of cross-border payments. Ripple Custody allows clients to securely manage and store their digital assets. Additionally, through Ripple Prime, the company provides institutional clients with global, multi-asset prime brokerage services. Ripple’s stablecoin (RLUSD) and cryptocurrency XRP are integrated across these solutions to streamline traditional finance and unlock new uses for digital assets.

About Palisade

Palisade is a digital asset infrastructure business providing safe storage and wallet solutions for enterprises. Its wallet technology allows for quick integration of Multi-Party Computation (MPC), enabling businesses to create payment systems and Web3 applications with effective transaction management. Palisade’s Custody solution employs secure hardware modules and advanced encryption to prevent vulnerabilities, ensuring compliant and institutional-grade digital asset storage. Palisade’s offerings facilitate secure management and trading of digital assets across major blockchains like XRPL, Ethereum, and Solana.